AF Editor Mike Antich discusses managing such issues as acquisitions, extended lifecycles, and rising maintenance and labor costs with Kimberly Fisher, global fleet director for NOV, a major oil and gas services company.
Unscheduled Maintenance Costs Increase 3% in CY-2021
Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer. This caused repair spend to increase in 2021.